VAT: obtaininig an extract from the register during the quarantine
During the quarantine period, the Office of Large Taxpayers of the STS of Ukraine requests all applications and registration documents to be submitted only in electronic form.
Attorneys, notaries, individual enterpreuners and farmers are exempted from the Single contribution tax for 2 months
Today, on March 17, the Verkhovna Rada adopted the Law on Amendments to the Tax Code of Ukraine and other laws on the support of taxpayers during the quarantine period (draft No 3220) of 16.03.2020.
VAT: What are the consequences of late registration of tax invoices?
The absence of registration or untimely registration of tax invoices in the Unified Register of tax invoices leads to the imposition of penalties on taxpayers.
Selling a Share of Share Capital: How Is Investment Profit Taxed?
According to the Tax Code of Ukraine, namely: item. 170.2.2 of Art. 170 of the tax code, investment income is defined as the difference between the income received by the taxpayer from the sale of an individual investment asset, taking into account the exchange rate difference (if there is any), and its cost, determined from the amount of documented expenses for the acquisition of such an asset (excluding derivative transactions).
Tax invoices and customs declarations are equal to forming tax credit - the conclusion of the Supreme court
According to the current Ukrainian legislation, in case of facts of importation of goods into the customs territory of Ukraine, payment of VAT to the budget, availability of customs declaration, made in accordance with the requirements of the law, the taxpayer is entitled to a tax credit.
How is the income in the form of donated funds, property, property rights or non-property rights taxed?
The objects of gift mentioned in paragraphs. 174.1 of the Tax Code of Ukraine (in particular, real estate, movable property, object of commercial property, property and non-property rights, amount of insurance indemnity, cash, etc.), donated to a taxpayer by another individual, are taxed according to the rules established by Art. 174.2 of the Tax Code of Ukraine for inheritance taxation.
